What The New Mightnight Launch Means For The Cardano Network

bitcoinistPublished on 2025-12-24Last updated on 2025-12-24

Abstract

Charles Hoskinson, founder of Cardano, has explained that the launch of the Midnight Network will significantly boost DeFi on the Cardano ecosystem, potentially increasing it by tenfold. He refuted claims that Midnight would harm Cardano, stating instead that it will attract users from other networks like Ethereum and Solana by offering privacy features. Hoskinson described Midnight as the "ChatGPT of privacy," adding that it will provide privacy to Cardano dApps, helping them leapfrog competitors. He also emphasized that ADA and NIGHT tokens are complementary and that investors should not sell ADA for NIGHT. Additionally, he expects growth in Bitcoin DeFi on Cardano due to their shared UTXO model. Despite current low DeFi rankings, the ecosystem is advancing with proposed infrastructure for stablecoins and oracles, and recent hype around the NIGHT token has already increased trading volume. A stablecoin partnership is also in the works, speculated to be USDT or USDC, which could further boost network growth.

Charles Hoskinson has explained what the Midnight Network’s launch will mean for the Cardano network. This comes as the Cardano network doubles its efforts to improve DeFi on the network and, in the process, boost ADA’s utility.

Hoskinson Explains Midnight Will Boost Cardano’s DeFi

During a livestream, the Hoskinson rebutted speculation that Midnight would kill the Cardano ecosystem, stating that it would instead 10x DeFi on the network. He also mentioned that the Midnight network provides an incentive for users to leave other networks, such as Ethereum and Solana, and migrate to Cardano.

The founder noted that these users can go through the Midnight network to Cardano in order to get privacy. The hype around the Midnight launch already looks to be boosting the network’s ecosystem, as DEX aggregator DEX Hunter pointed out that the DeFi volume has been exploding since the launch of the NIGHT token.

Meanwhile, Hoskinson also mentioned why investors should not sell their ADA for NIGHT tokens, describing both tokens as complementary. He further remarked that Midnight is the ‘ChatGPT of privacy’ and that it adds privacy to Cardano decentralized applications (dApps).

The founder also asserted that these dApps will be the first to adopt privacy, enabling them to leapfrog competitors on other networks, such as Ethereum’s Uniswap. Hoskinson also does not believe Midnight will steal ADA’s TVL, as he sees the latter as one meant to provide on-chain/off-chain infrastructure for networks like Cardano.

Hoskinson also expects Bitcoin DeFi to grow on Cardano, since they share the same UTXO system. This move could further boost ADA’s utility and lead to significant growth in the ecosystem. However, for now, the blockchain remains well behind, as DeFiLlama data show it ranks 31st in DeFi TVL.

Big Things In Store For The Blockchain?

Cardano’s core ecosystem organizations proposed an infrastructure budget last month to advance stablecoins, custody, analytics, bridges, and pricing oracles on the network. The ecosystem already appears to be making progress, as the Midnight Foundation President, Fahmi Syed, recently revealed that a legal contract has been received for a stablecoin partner.

This has led to speculation that it could be USDT or USDC, with these stablecoins likely to provide a significant boost to network activity. Commenting on the network’s future, stakeholder Rami recently expressed optimism, stating that the network is getting a tier-1 stablecoin in months while the DEX trading volume is “exploding.”

He believes that trading volume will continue to grow as additional NIGHT liquidity enters the market and more trading pairs are established. Rami added that DEXs are faster than ever and that new oracle systems are coming online.

At the time of writing, the ADA price is trading at around $0.35, down over 2% in the last 24 hours, according to data from CoinMarketCap.

ADA trading at $0.35 on the 1D chart | Source: ADAUSDT on Tradingview.com

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
xvs
VenusXVS
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
zrx
ZRX（0X）ZRX

Related Questions

QWhat does Charles Hoskinson claim the Midnight Network will do for Cardano's DeFi?

ACharles Hoskinson claims that the Midnight Network will boost Cardano's DeFi by 10x, rather than kill the ecosystem, and will provide an incentive for users from other networks like Ethereum and Solana to migrate to Cardano.

QAccording to Hoskinson, why should investors not sell their ADA for NIGHT tokens?

AHoskinson stated that investors should not sell their ADA for NIGHT tokens because both tokens are complementary, with Midnight providing privacy features to Cardano's dApps and ADA serving as the infrastructure token.

QHow does Hoskinson believe Midnight will impact Cardano's position relative to competitors like Ethereum?

AHoskinson believes that Midnight will enable Cardano's dApps to be the first to adopt privacy, allowing them to leapfrog competitors on other networks, such as Ethereum's Uniswap.

QWhat recent development suggests progress for stablecoins on the Cardano network?

AThe Midnight Foundation President, Fahmi Syed, revealed that a legal contract has been received for a stablecoin partner, leading to speculation that it could be USDT or USDC, which would significantly boost network activity.

QWhat is the current ranking of Cardano in DeFi TVL according to DeFiLlama data?

AAccording to DeFiLlama data, Cardano ranks 31st in DeFi TVL, indicating it remains well behind other networks despite ongoing developments.

Related Reads

The Verdict in Choi Tae-won's Divorce Case: Revealing the Inheritance Undercurrent Behind SK Hynix's Trillion-Won Empire

SK Group Chairman Chey Tae-won's high-profile divorce case, involving a record 1.38 trillion won settlement, has drawn attention to the succession plans for Korea's second-largest conglomerate, especially its crown jewel, SK hynix. Unlike traditional chaebol scripts centered on the eldest son, Chey's three children from his marriage to former President Roh Tae-woo's daughter, Roh Soh-yeong, are carving distinct, non-traditional paths. Eldest daughter Chey Yun-jung (b. 1989) is seen as the most evident successor. With a scientific and consulting background, she holds executive roles at SK bioscience and SK Inc.'s growth support department, focusing on future strategy and biopharma. Her marriage is to an AI infrastructure entrepreneur, not a traditional business alliance. Second daughter Chey Min-jung (b. 1991) took a unique route, voluntarily serving as a South Korean naval officer, including an anti-piracy deployment. She later worked on policy and strategy for SK hynix in Washington D.C. before co-founding an AI-driven healthcare startup. She married a former U.S. Marine Corps officer, connecting her to U.S. defense and policy circles—networks crucial for a global semiconductor giant. The only son, Chey In-geun (b. 1995), who studied physics like his father, worked briefly at SK E&S before joining McKinsey. Despite fitting the traditional "heir" profile as the eldest son, he remains silent and holds no public position or shares in SK, suggesting the old succession playbook is obsolete. As SK hynix's valuation soars, becoming a geopolitical asset in the AI era, the heirs' legitimacy is no longer automatic. They must prove themselves in fields like AI biotech, global policy, and strategic consulting. Their marriages also reflect new elite networks in tech and defense, not old political alliances. Their inheritance is the complex challenge of navigating a globalized, tech-driven world, not just a corporate throne.

marsbit7h ago

The Verdict in Choi Tae-won's Divorce Case: Revealing the Inheritance Undercurrent Behind SK Hynix's Trillion-Won Empire

marsbit7h ago

Banks oppose stablecoin yield deal – Can CLARITY Act find 60 votes?

The Bank Policy Institute (BPI) has opposed the latest draft of the CLARITY Act, criticizing its provisions on stablecoin yield and illicit finance. The banking industry sought a total ban on stablecoin yield, but the bill's compromise only prohibits passive yield on idle balances. This opposition has influenced lawmakers, reducing tentative Republican Senate support to potentially 49 votes. With the 60-vote threshold needed, securing sufficient Democratic support appears difficult as some pro-crypto Democrats also oppose the bill due to ethics and illicit finance concerns. Senate Majority Leader John Thune expressed doubt the bill can pass before the August recess. Market odds for the bill's passage in 2026 have fallen, leaving its future uncertain.

ambcrypto8h ago

Banks oppose stablecoin yield deal – Can CLARITY Act find 60 votes?

ambcrypto8h ago

2 Months, Valuation Soars from $8.8B to $68B! The Largest AI Model Hub OpenRouter May Be Acquired

Stripe is reportedly in talks to acquire AI model marketplace OpenRouter for a price nearing $10 billion, a dramatic increase from its $1.3 billion valuation just two months prior. The deal, which could be announced within a month, would see the payment giant absorb a key "router" or aggregation layer in the AI infrastructure stack. OpenRouter provides developers with a single API to access over 400 large language models (LLMs), automatically routing queries to the most suitable model based on cost, capability, and speed. This allows AI applications to optimize expenses while maintaining user experience. Founded in 2023 by ex-OpenSea co-founder Alex Atallah and Louis Vichy, OpenRouter has grown rapidly, reaching $50 million in annualized revenue by April and serving over one million developers. For Stripe, the acquisition of OpenRouter follows its late-2025 purchase of usage-based billing platform Metronome. The combined strategy aims to create an integrated suite for the AI economy: OpenRouter would handle model selection and routing, Metronome would manage granular usage-based billing, and Stripe's core platform would process payments. This positions Stripe to control a critical part of the AI application value chain, influencing which models get used while simplifying cost management for enterprise customers.

链捕手8h ago

2 Months, Valuation Soars from $8.8B to $68B! The Largest AI Model Hub OpenRouter May Be Acquired

链捕手8h ago

From OpenSea to OpenRouter: Is Alex Atallah Repeating His 'Exit at the Peak' Playbook?

From OpenSea to OpenRouter: Is Alex Atallah Repeating His "Exit at the Peak" Playbook? According to the Wall Street Journal, payments giant Stripe is in talks to acquire the AI model aggregation platform OpenRouter in a potential deal valuing the company near $100 billion. This would mark founder Alex Atallah's second creation of a company reaching a $100 billion valuation, following his co-founding of NFT marketplace OpenSea. OpenRouter, founded just over three years ago, has grown rapidly by acting as a unified gateway for developers to access over 400 AI models. It currently has about 10 million users and processes over 200 trillion tokens monthly. While the platform's annualized revenue is around $50 million, its valuation has skyrocketed from $1.3 billion in March 2026. The potential acquisition by Stripe, a company OpenRouter's founder once likened it to, represents a major expansion into AI infrastructure for the payments leader. This move echoes Atallah's previous timing with OpenSea, where he departed before the NFT market's significant downturn. For OpenRouter, selling now may be strategic. Despite its scale, its business model—charging a 5-5.5% fee on AI inference calls—faces pressure from competition, open-source models, and potential price wars among model providers, limiting its profitability narrative for an IPO. A key asset for potential acquirers like Stripe is OpenRouter's vast repository of real-world AI usage data, which offers unique insights into model performance and developer preferences that are difficult to replicate. Whether this potential deal signifies a new valuation benchmark for AI infrastructure or another market peak signal remains to be seen.

链捕手8h ago

From OpenSea to OpenRouter: Is Alex Atallah Repeating His 'Exit at the Peak' Playbook?

链捕手8h ago

Pons V2 brings RWA trading pairs as Robinhood Chain broadens its ambitions

Pons, a key launchpad on Robinhood Chain, has launched its V2 upgrade. The update aims to boost liquidity, remove trading restrictions for most users via an ETH-denominated bonding curve, and introduces support for custom tokenized real-world asset (RWA) trading pairs. This aligns with Robinhood Chain's broader RWA focus. The upgrade also allows creators to collect fees in ETH by default. The network itself is growing rapidly, surpassing $300 million in Total Value Locked. Its cumulative DEX volume has exceeded $9 billion, with about 80% coming from speculative memecoin trading. However, data shows 63% of traders are at a loss, with profits concentrated in a small number of wallets. The introduction of RWAs could help drive more organic adoption for the chain, which is positioning itself as a major player for speculative trading, challenging networks like Base and Solana.

ambcrypto8h ago

Pons V2 brings RWA trading pairs as Robinhood Chain broadens its ambitions

ambcrypto8h ago

Trading

Spot

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ADA (ADA) are presented below.

活动图片

Top Questions